USDJPY continues its daily downtrend. So there are two cases. If it rebounds, it is a case where the daily down wave continues in the daily supply zone and a case where a weekly down wave starts after rebounding up to the weekly supply zone.
And, the target for the downtrend is to reach near the monthly demand zone.
If there is no further decline in the above two supply zones, it will be a case of a weekly upward wave.
And, the target for the downtrend is to reach near the monthly demand zone.
If there is no further decline in the above two supply zones, it will be a case of a weekly upward wave.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.